not an edge but it would have kept you away from a huge potential loss, a loss that would have possibly wiped out a fair chunk of his account. The edge was lost when he sold into this market. I dont see any edge whatsoever to sell right now at all no matter where ES trades in the short term. But I am not a day trader, I position/swing trade and there seems to me to be not a single reason to short this market.
I may be wrong, but I think I remember Sax in the past saying he was in the UK or somewhere and traded with spread betting and not the actual contract. Perhaps he will clarify.
Thank you Sarah for this valuable insight. Do you know why you posted this comment and if you think that you do, a little supporting thought or two might help us all understand your post. As it stands, your unsupported comment is USELESS and I am certain that you would like to try to rectify this .... to the best of your ability of course.
I have bought more at around 1237. Total number of cars in: 42 at 1228 -9K a the moment. Looking to get out of half at around 1225 to 1224.
You don't need a custom TICK if you only want to look at the TICK for 500 large cap stocks. You already have access to symbol JT6T.Z which is the S&P 500 NET TICK. There is also JTRT.Z which is the Russell 2000 TICK or JT5T.Z which is the Nasdaq 100 TICK. The full list is available at http://www.iqfeed.net/symbolguide/index.cfm?guide=mktindices&pick=stats . And just a minor clarification that the market breadth indicators we provide aren't on a 1 second "delay", they are 1 second snapshots that are calculated/sent in real time.